Not to be deterred by knife crime, a declining presence of estate agents in the high street and a stalling housing market, Foxtons are opening a new branch in Camden. The HouseFund.co.uk reports on the new Foxtons' branch.
Whilst Foxtons have obviously been committed to this for some time, the more interesting point to note is their offer to coincide with the launch. They are offering the first 200 instructions a zero rate of commission.
Many agents would of course like to see 200 instructions and it is novel approach to capture what is left of the market. Indeed, as much as we all have to say about Foxtons I believe this is a shrewd move, namely, try and capture what is left of the market, lay off staff from other offices and absorb the costs.
If anyone at Foxtons is reading, perhaps they would be grateful to pass over the terms and conditions so we can see if this really is a zero rate and a free cappuccino offer.